Reuters
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White House adviser Hassett cites enormous progress on China-US trade talks
WASHINGTON, Sept 25 (Reuters) - White House economic adviser Kevin Hassett on Thursday said the U.S. has made enormous progress on trade talks with China in the last few months but there is still work to do.
Thu, Sep 25
Gold rises on safe-haven demand, investors await US data
Sept 25 (Reuters) - Gold rose on Thursday as geopolitical and economic tensions heightened safe-haven demand, while investors awaited U.S. economic data for clues on the Federal Reserve’s monetary policy trajectory.
Thu, Sep 25
Amazon's grocery ambitions stumble in Britain
Amazon opened first store outside US in UK in 2021Said this week it would close all Amazon Fresh stores in UKTo focus on online deliveryBy James Davey LONDON, Sept 25 (Reuters) - When Amazon AMZN.O opened its first grocery store outside the United States in 2021, its choice of a site in west Lond
Thu, Sep 25
Silver miners gain as white metal prices edge higher
U.S.-listed shares of silver miners gain premarket, tracking rising prices of the white metal
Thu, Sep 25
[Reuters Breakingviews] EU bank stablecoin push is better late than never
BERLIN, Sept 25 (Reuters Breakingviews) - Nine European banks are not intimidated by the tiny size of the market for euro-based stablecoins. UniCredit CRDI.MI, ING INGA.AS and other European Union lenders say they want to launch such a “trusted payment standard” – cryptocurrenc...
Thu, Sep 25
Swiss National Bank keeps interest rate at zero, sees tariff hit to economy
SNB says Trump tariffs will hit Swiss economyCentral bank holds rates for first time in seven meetingsInflation has recently crept back into target rangeSNB chairman says prepared to cut rates again if neededBy John Revill ZURICH, Sept 25 (Reuters) - The Swiss National Bank held its benchmark int...
Thu, Sep 25
Fed's Miran says US economy vulnerable to shocks due to tight policy, unfounded inflation concerns, report says
WASHINGTON, Sept 25 (Reuters) - The U.S. economy is more vulnerable to shocks right now due to high interest rates based on unfounded inflation concerns among Federal Reserve policymakers, Fed Governor Stephen Miran said on Fox Business' Mornings with Maria program.Miran said the policy rate sho...
Thu, Sep 25
CORRECTED-ANALYSIS-'ChatGPT, what stocks should I buy?' AI fuels boom in robo-advisory market
Robo-advisory market projected to grow 600% by 2029 Half of retail investors open to using AI tools, survey findsChatGPT used by 13% of retail investors for stock selection An AI-selected stock basket outperformed UK's top fundsBy Joice AlvesLONDON, Sept 25 (Reuters) - As ChatGPT nears its third...
Thu, Sep 25
H&M profit jumps as brand-boosting strategy starts to pay off
Profit beats expectations due to successful autumn collectionsNew CEO since 2024 has been targeting trendier collectionsFashion retailers face challenges from Trump's tariffs Shares up 10% in morning tradingBy Greta Rosen Fondahn and Helen Reid STOCKHOLM, Sept 25 (Reuters) - Swedish fashio...
Thu, Sep 25
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Apple pushes EU to repeal tech rules over feature delays, app vulnerabilities
Apple says EU's Digital Markets Act delaying features, raising user risksApple says it may not be able to meet every DMA demand Urges regulators to reassess how law affects EU consumersBy Mrinmay Dey and Gnaneshwar Rajan Sept 25 (Reuters) - Apple AAPL.O urged the European Union on Wednesday t...
Thu, Sep 25
Gold holds steady as investors await key US economic data
Fed's Daly says further rate cuts will likely be neededUS Personal Consumption Expenditures index due on FridayGold still very much bullish in longer term, analyst saysBy Anmol Choubey Sept 25 (Reuters) - Gold prices were little changed on Thursday with a slightly weaker dollar lending some s...
Thu, Sep 25
BYD outsells Tesla in EU for second month, Stellantis returns to sales growth
Sept 25 (Reuters) - Chinese EV maker BYD 002594.SZ sold three times as many new cars in the European Union last month than in August 2024, surpassing U.S. competitor Tesla TSLA.O for the second consecutive month, data from the European auto lobby ACEA showed on Thursday.
Thu, Sep 25
Economic growth edges higher for EBRD countries but tariff threat looms
LONDON, Sept 25 (Reuters) - The European Bank for Reconstruction and Development lifted its 2025 growth forecast for the first time in more than a year but warned that the effects of tariffs and war will weigh on growth in 2026.
Thu, Sep 25
TSMC, chip design software firms tap AI to help chips use less energy
SANTA CLARA, California - Sept 24 (Reuters) - The computing chips that power artificial intelligence consume a lot of electricity. On Wednesday, the world's biggest manufacturer of those chips showed off a new strategy to make them more energy efficient: Using AI-powered software to design them.
Thu, Sep 25
Fed's Daly: Further rate cuts will likely be needed
Sept 24 (Reuters) - San Francisco Federal Reserve Bank President Mary Daly said on Wednesday she "fully supported" the decision by the Fed to cut its policy rate last week and expects further reductions ahead.
Thu, Sep 25
Equities end lower as valuation concerns creep in
NEW YORK, Sept 24 (Reuters) - U.S. stocks closed lower for a second straight session on Wednesday, as investors booked profits with indexes near record levels after Federal Reserve Chair Jerome Powell flagged potentially stretched stock prices and ahead of a reading on inflation later in the week.
Thu, Sep 25
Lithium Americas soars 90% as Washington considers stake
Sept 24 (Reuters) - Shares of Lithium Americas LAC.TO closed at $8.32 after jumping nearly 90% on Wednesday after Reuters reported that the Trump administration is seeking up to a 10% stake in the miner, in the latest sign of Washington's intervention into industries it considers critical to nationa
Thu, Sep 25
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Pharma middlemen propose regulatory changes to avoid Trump administration rules, Bloomberg News reports
Sept 24 (Reuters) - Pharmacy middlemen are working on a proposal to change some of their business practices in order to avoid new regulations from the Trump administration, Bloomberg News reported on Wednesday, citing people familiar with the discussions.
Thu, Sep 25
Oracle looks to raise $18 billion in debt
Sept 24 (Reuters) - Oracle ORCL.N is aiming to raise $18 billion in debt, a regulatory filing showed on Wednesday, as the company looks to invest heavily in building out cloud infrastructure to cater to burgeoning AI demand.
Thu, Sep 25
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Trump will sign TikTok executive order on Thursday, source says
WASHINGTON, Sept 24 (Reuters) - President Donald Trump will sign an executive order on Thursday that declares a deal being negotiated by the White House to sell TikTok's U.S. operations will meet requirements set out in a 2024 law, a White House source with knowledge of the matter said.
Thu, Sep 25
